The last two times this happened carnage followed

Dollar aside, there’s an ominous technical signal lurking in the shadows, according to the Northman Trader blog, which recently called for the market to break from its range with a big move one way or another. Is now the time?

“Something happened Friday that’s happened only twice in over 20 years on the $SPX: The weekly 100-day moving average has crossed over the weekly 50-day moving average,” the blogger said. “The last two times this happened carnage followed.”